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Last Edited by Jabbit
March 1, 2016
at 08:02 AM

Just got an AMEX card a few months ago, and now have 75K points with the sign up promo. I was thinking about getting some gift cards with the points and sell the gift cards, but heard some people mentioning Rewards2Cash.com.

I never heard of the website before and their payout rate for points seems to be really good, have anyone used them before?

Community Wiki

Last Edited by Copperblade
September 19, 2016
at
03:32 PM

There is NO buying/selling in this thread. This thread is specifically for tracking websites/merchants that buy airline miles and credit card points/rewards. There is zero tolerance for this policy. Do you have questions regarding if what you are about to post is allowed? Please read these rules - https://slickdeals.net/f/7522872?v=1

According to reports from various people on here and FW, avoid the buyer "Sellmileage.com"

Understand the risks. You could get your account frozen, and a very threatening e-mail demanding you tell them details about the trip you booked. If that happens, you will get points taken away from you, and possibly your account shutdown. All brokers know this, and few are telling sellers, but have you noticed how some places no longer buy AA miles that used to?

Send an e-mail to all the brokers listed in this thread and tell them what points you have and how much they are paying. The rate for points and demand changes CONSTANTLY. Always bargain with the brokers and try to get a higher price. No deal is done until you get the info on where to transfer the points. Everyone is flaky, both buyers and sellers so accept that this is the norm

Always check the last few pages for recent reports.

Shop around a good starting point is what is listed in the screenshot.

Do not pay much attention to posts from SD users who have very few posts, very few reputation points, and/or just joined very recently who also do not provide the details the their transaction.

It seems the price changes time by time. I attached a different price.

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My approach: I BCC all the brokers and see what responses I get. Whoever is saying what I want to hear/making the best offer/responding promptly is who I go with.

How are transactions completed? Contact brokers for specific instructions but will vary with each broker/rewards program involved. May included:

1. Membership Rewards: Broker will send you the name of someone to add and their FF info. You have a rep (via chat or phone) add an authorized user to your account and either have the rep transfer the points to their FF account or have them set it up so you can transfer it. It took me 3 reps via chat to finally get it done as some reps are better than others. Confirm transfer, get paid. I haven't had to give up account access and can't see why one would need to. A few days or so later I have a rep remove the person from my account (don't want to raise flags with quick adds/deletes, no confirmation that it will but would rather be safe then sorry). Just as an FYI it seems like you may need a minimum of 75K MR points to catch the attention of brokers. Anything less may require patience or luck.

2. Ultimate Rewards: Broker will send you the name of someone to add and their FF info. Go into your account online if you have the INK + and that person as an authorized user. Transfer points to their FF account and then get paid. Shouldn't have to give up account access with the INK +. Somebody else will have to detail the process for the other Chase branded cards (Sapphire? INK CASH?). A few days or so later I go online and remove the person I added.

3. Mileage Plus: You will either purchase the award ticket as instructed by the broker or give them access to your account (give them your login). Some brokers may be willing to pay you beforehand. Process will vary from broker to broker so see which on they use or negotiate one. Some may also prefer you to have the mileage plus credit card and use that card to pay for award fees & taxes. I assume this is to help give off the impression that it is you buying the ticket.

4. AAdvantage: You will either purchase the award ticket as instructed by the broker or give them access to your account (give them your login). Some brokers may be willing to pay you beforehand. Process will vary from broker to broker so see which on they use or negotiate one. Some may also prefer you to have the AA credit card and use that card to pay for award fees & taxes. I assume this is to help give off the impression that it is you buying the ticket. The market for AAs can be scarce at times because of shutdowns in the past so proceed with caution.

Don't mean to hijack, but I recenty used GetPeyd.com (for United miles) - I asked here on the boards about them cause they are not nearly as known as Rewards2Cash. But everything went smoothly - and they only needed access to my account for a couple of days (I got paid in about a week.)

Tried to use GetPeyd.com. I provided my account info after receiving the following :You should receive payment within a week of when we receive your account information. After getting the account info, they sent me the following : You will receive 50% of the payment when the first leg of the flight has been flown and the rest upon return. I had to cancel the deal after switch in terms.

Update: They apologized. Said that they recently changed their policies and that it was not reflected in the initial communication.

"Please expect longer handling time for this product. Half payment will be paid within days, and the other half will be paid in estimated 1-2 months.
This product doesn't support Option B: get paid before point transfer."

"Please expect longer handling time for this product. Half payment will be paid within days, and the other half will be paid in estimated 1-2 months.
This product doesn't support Option B: get paid before point transfer."

Yes, it's accurate.

1) Payment 1 is immediate when reservation is made
2) Payment 2 is when his travel partner flies

I asked him if I could get paid sooner and he responded with an affidavit form that I signed and returned stating that I wouldn't change the reservation in the account and I immediately got paid the other half. He asks that you not change your password until the flier has completed his travel in case he needs to make modifications. That's something I can live with for an earlier payment.

1) Payment 1 is immediate when reservation is made
2) Payment 2 is when his travel partner flies

I asked him if I could get paid sooner and he responded with an affidavit form that I signed and returned stating that I wouldn't change the reservation in the account and I immediately got paid the other half. He asks that you not change your password until the flier has completed his travel in case he needs to make modifications. That's something I can live with for an earlier payment.

Can you change your password if you opt not to get paid full amount upfront? (Doing the usual payment as listed in your post).

I'm a little sketched out giving someone like that my login and pass... though I guess if anything happened I could say I was hacked?

Personally used Rewards2Cash and got my money's worth fine from my AMEX Membership Reward points. Would recommend them unless you can find a better deal. Depending on what you're trying to convert, may require different tasks or take longer to receive your funds.

Personally used Rewards2Cash and got my money's worth fine from my AMEX Membership Reward points. Would recommend them unless you can find a better deal. Depending on what you're trying to convert, may require different tasks or take longer to receive your funds.

Thanks for these rates Commando.Just wanted to let everyone here know that I can offer more competitive rates than the above and I pay UPFRONT so you have no wait time to spend your cash You can PM me or email support at milesbuyer.com